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Registered number:
FOR THE PERIOD ENDED 31 OCTOBER 2025
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ACS CORPORATION HOLDINGS LIMITED
CONTENTS
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ACS CORPORATION HOLDINGS LIMITED
COMPANY INFORMATION
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ACS CORPORATION HOLDINGS LIMITED
GROUP STRATEGIC REPORT
FOR THE PERIOD ENDED 31 OCTOBER 2025
ACS Corporation Holdings Ltd provides specialist civil engineering, construction and utilities services across a range of sectors, including energy, utilities, infrastructure, commercial, industrial, renewables, battery energy storage and other complex operating environments.
The group operates as a principal contractor and delivers projects for both public and private sector clients across the United Kingdom. The period ended 31 October 2025 represented a profitable trading period for the group. Turnover for the period was £21.4m. Gross profit was £5.4m, representing a gross margin of approximately 25.3%, operating profit was £3m and net assets are £4.2m at the period end. The directors consider the result to demonstrate the group's focus on profitable, well-controlled workstreams rather than volume growth alone. The group managed a strong gross margin and operating profit position, reflecting disciplined contract selection, effective commercial management and continued control of project delivery risk.
The group operates in markets with strong long-term fundamentals, particularly energy, power, utilities, infrastructure and industrial sectors. These markets continue to be supported by investment in the UK’s energy transition, grid infrastructure, industrial capacity, renewables and nationally significant infrastructure projects.
During the period, the group strengthened its position in energy, utilities and infrastructure sectors. The group’s activity in these markets is supported by established client relationships, repeat opportunities, framework activity and a proven ability to deliver in complex and safety-critical environments. The directors recognise that the wider construction sector remains subject to economic uncertainty, cost inflation, labour availability constraints, supply chain pressure and competitive tendering conditions. In response, the group prioritised projects where the commercial terms, client profile, risk allocation and delivery requirements are appropriately aligned with the group’s capabilities.
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ACS CORPORATION HOLDINGS LIMITED
GROUP STRATEGIC REPORT (CONTINUED)
FOR THE PERIOD ENDED 31 OCTOBER 2025
The group’s business model is focused on the safe, controlled and efficient delivery of civil engineering, construction and utilities projects. ACS combines experienced leadership, specialist delivery teams, established supply chain relationships and robust governance systems to manage complex projects across multiple sectors.
The group focuses on building long-term client relationships, securing repeat work, supporting framework opportunities and maintaining a reputation for safety, quality, commercial control and programme certainty. The directors believe the group’s self-delivery capability, experienced workforce, project governance and specialist supply chain provide the business with a scalable platform to support future growth while maintaining control over project risk and operating margins. People, culture and skills development The group invests in its people, recognising that its workforce is central to safe and successful project delivery. Maintaining the right skills, qualifications and leadership capability remains a key priority for the directors. The group remains committed to training, development, apprenticeships, leadership capability and workforce engagement. The group supports future talent through formal training routes, on-the-job development and engagement with education and careers initiatives. ACS became an official member of The 5% Club, marking a significant milestone in the group’s ongoing commitment to developing talent across the workforce. Membership reinforces the group’s pledge to provide meaningful “earn and learn” pathways, including apprenticeships, graduate opportunities and formalised training routes, supporting colleagues at all levels to develop the skills, knowledge and experience required to grow within the organisation. The groups’s culture is built around safety, quality, collaboration, accountability and delivery. This culture supports the group’s ability to operate in complex and high-risk environments, where strong supervision, technical competence and consistent standards are essential.
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ACS CORPORATION HOLDINGS LIMITED
GROUP STRATEGIC REPORT (CONTINUED)
FOR THE PERIOD ENDED 31 OCTOBER 2025
Independent recognition remains an important part of the group’s credentials and provides external validation of ACS’s operational standards, safety culture, people development and approach to responsible delivery. These recognitions support the group’s position as a trusted delivery partner in safety-critical, technically demanding and framework-led markets.
In June 2026, both ACS Construction Group and ACS Multi Utility achieved 100% compliance across all assessment areas in Achilles UVDB and Building Confidence audits. The audited areas covered health, safety and wellbeing, quality management, environmental performance, operational excellence, governance and compliance, and supply chain assurance. The group’s recognised credentials also include Investors in People Gold accreditation, RoSPA Gold safety recognition, Gold membership of the Supply Chain Sustainability School, official membership of The 5% Club, ISO-certified management systems, CHAS accreditation, SafeContractor approval, SSIP certification and British Safety Council recognition. During the period, the group maintained its Investors in People Gold accreditation, with its benchmark score increasing from 747/900 to 776/900. The assessment placed ACS in the top 10% of construction companies in the relevant benchmark group, providing further independent recognition of the group’s commitment to people development, leadership, engagement and workforce culture. Together, these awards, accreditations and independent assurance outcomes strengthen client confidence, support tender credibility and evidence the group’s commitment to responsible, safe and sustainable delivery in regulated, framework-led and safety-critical markets. Governance, assurance and digital delivery The group applies a structured project governance framework across its activities, with defined leadership, clear responsibilities and effective oversight throughout the project lifecycle. This approach supports safe delivery, commercial control, quality assurance and proactive risk management. ACS operates an integrated management system, supporting quality, health and safety, environmental management and continuous improvement across the business. The group’s governance framework is embedded across project delivery, commercial management, HSEQ performance, supply chain control and client engagement. The group also continues to use digital systems to support planning, project delivery, reporting, commercial management, HSEQ performance, project information management and real-time data capture. These systems provide improved visibility over project delivery, operational performance, risk management and commercial control. Social value and community impact The group is committed to delivering positive social value beyond construction delivery. ACS supports education, training, apprenticeships, careers engagement and opportunities for young people considering careers in construction, infrastructure and engineering.
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ACS CORPORATION HOLDINGS LIMITED
GROUP STRATEGIC REPORT (CONTINUED)
FOR THE PERIOD ENDED 31 OCTOBER 2025
The group’s membership of The 5% Club further strengthens this commitment by aligning ACS with employers that invest in structured skills development and “earn and learn” opportunities, including apprenticeships, graduate programmes and formal training schemes. The group’s approach to social value is built around economic, charitable and educational activity. This includes supporting local supply chains, engaging with local businesses, promoting sustainable procurement, providing visibility of future pipeline opportunities to supply chain partners and encouraging long-term relationships that support local economic resilience. ACS also supports local communities and charitable causes through fundraising, volunteering, sponsorship, community investment and support for local organisations. The directors believe community engagement and investment in people form an important part of the group’s wider responsibilities and support the group’s long term reputation with clients, employees and stakeholders. The group’s Gold membership of the Supply Chain Sustainability School further supports this approach by demonstrating a commitment to responsible procurement, supply chain development and improved sustainability practice. This recognition aligns with the group’s focus on environmental responsibility, resource efficiency, waste reduction and engagement with employees and supply chain partners to support more sustainable working practices.
The group’s principal objective is to continue targeting profitable and manageable contracts without materially increasing the risk profile of the work undertaken. The directors remain focused on sustainable growth, margin protection, working capital management, cash generation and maintaining a strong balance sheet.
The principal risks facing the group include: • economic uncertainty and changing market conditions; • materials, labour and subcontractor cost pressures; • project delivery risk, including delays, variations and cost control; • customer certification, invoicing and debtor collection timing; • supply chain capacity and performance; • competition and margin pressure; • health, safety, environmental and regulatory compliance; • availability and retention of skilled people. The directors manage these risks through careful contract selection, project governance, commercial controls, forecasting, HSEQ management, supply chain management and regular review of financial and operational performance. Working capital remains a continued area of focus, particularly given the timing of customer applications, certification, invoicing and cash receipts. The directors continue to monitor debtor performance, supplier payments and cash flow to ensure the business remains appropriately funded for its operational and growth requirements.
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ACS CORPORATION HOLDINGS LIMITED
GROUP STRATEGIC REPORT (CONTINUED)
FOR THE PERIOD ENDED 31 OCTOBER 2025
We continue to improve our net worth and generate sustainable cash flow for growth, demonstrating the benefit of disciplined contract selection, project control and commercial management. The directors consider this margin performance to be an important measure of the quality of earnings generated during the period.
The group enters the next financial year with a strong platform, supported by established client relationships, specialist delivery capability, an experienced workforce and a strong reputation in energy, utilities, infrastructure and civil engineering markets.
The directors believe the group is well positioned for future trading, supported by its order book, repeat client relationships, framework activity and exposure to infrastructure and energy transition markets.
The group will continue to focus on profitable and controlled growth, supported by investment in people, skills development, project controls, systems, governance and delivery capability. The directors remain focused on strengthening the group’s market position while maintaining a disciplined approach to risk, cash flow and profitability. The business will continue to target opportunities where its specialist civil engineering, construction and utilities capabilities provide a strong fit with client requirements, particularly in complex infrastructure, energy, utilities and industrial environments. Closing statement The directors are satisfied that the group delivered a strong performance for the period ended 31 October 2025. The business maintained robust profitability, strengthened its balance sheet and continued to build its position in core infrastructure, utilities and energy markets. While the wider economic and construction environment remains challenging, the group is well placed to continue trading successfully. This is supported by its established client base, specialist delivery capability, experienced leadership team, strong safety culture, independent recognition, governance framework and ongoing focus on profitable, controlled growth.
This report was approved by the board and signed on its behalf.
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ACS CORPORATION HOLDINGS LIMITED
DIRECTORS' REPORT
FOR THE PERIOD ENDED 31 OCTOBER 2025
The directors present their report and the financial statements for the period ended 31 October 2025.
The principal activity of the group during the period was that of providing civil engineering services to a number of sectors, including education, commercial, industrial, government, infrastructure and renewable energy.
The profit for the period, after taxation, amounted to £1,985,450.
Particulars of recommended dividends are detailed in note 13 to the Consolidated financial statements.
The directors who served during the period were:
In accordance with section 414c (11) of the Companies Act 2006 Regulations 2013, the directors have included a separate strategic report. This includes information that would have been included in the business review and the principal risks and uncertainties.
There have been no significant events affecting the Group since the year end.
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ACS CORPORATION HOLDINGS LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE PERIOD ENDED 31 OCTOBER 2025
The directors are responsible for preparing the Group Strategic Report, the Directors' Report and the consolidated financial statements in accordance with applicable law and regulations.
In preparing these financial statements, the directors are required to:
∙select suitable accounting policies for the Group's financial statements and then apply them consistently;
∙make judgments and accounting estimates that are reasonable and prudent;
∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Group will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and the Group and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and the Group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The auditors, Alexander Knight & Co Limited, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.
This report was approved by the board and signed on its behalf.
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ACS CORPORATION HOLDINGS LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF ACS CORPORATION HOLDINGS LIMITED
We have audited the financial statements of ACS Corporation Holdings Limited (the 'Parent Company') and its subsidiaries (the 'Group') for the period ended 31 October 2025, which comprise the Consolidated Statement of Comprehensive Income, the Consolidated Analysis of Net Debt, the Consolidated Statement of Financial Position, the Company Statement of Financial Position, the Consolidated Statement of Cash Flows, the Consolidated Statement of Changes in Equity, the Company Statement of Changes in Equity and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group's or the Parent Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
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ACS CORPORATION HOLDINGS LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF ACS CORPORATION HOLDINGS LIMITED (CONTINUED)
The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' Report thereon. The directors are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
In our opinion, based on the work undertaken in the course of the audit:
∙the information given in the Group Strategic Report and the Directors' Report for the financial period for which the financial statements are prepared is consistent with the financial statements; and
∙the Group Strategic Report and the Directors' Report have been prepared in accordance with applicable legal requirements.
In the light of the knowledge and understanding of the Group and the Parent Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Directors' Report.
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ACS CORPORATION HOLDINGS LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF ACS CORPORATION HOLDINGS LIMITED (CONTINUED)
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ACS CORPORATION HOLDINGS LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF ACS CORPORATION HOLDINGS LIMITED (CONTINUED)
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these Group financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
In identifying and assessing risks of material misstatement in respect of irregularities, including fraud, the audit
team: - Obtained an understanding of the nature of the industry and sector, including the legal and regulatory framework that the company operates in and how the company is complying with the legal and regulatory framework; - Inquired of management and those charged with governance their own identification and assessment of the risks of irregularities, including any known actual, suspected or alleged instances of fraud; - Discussed matters about non-compliance with laws and regulations and how fraud might occur including an assessment of how and where the financial statements may be susceptible to fraud. As a result of performing the above, our procedures to respond to the risks identified included the following: - Performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud; - In addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; All engagement team members were informed of the relevant laws and regulations and potential fraud risks at the planning stage and reminded to remain alert to any indications of fraud or non-compliance with laws and regulations throughout the audit. The engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify such items. There are inherent limitations in our audit procedures described above. The more removed the laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to inquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any. Material misstatements that arise due to fraud can be harder to to detect than those that arise from error as they may involve deliberate concealment or collusion.
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ACS CORPORATION HOLDINGS LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF ACS CORPORATION HOLDINGS LIMITED (CONTINUED)
It remains the primary responsibility of management to ensure that the entity's operations are conducted in accordance with the provisions of laws and regulations and for the prevention and detection of fraud. As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also: - Identify and assess the risks of material misstatement of the Consolidated financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. - Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the group's internal control. - Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors. - Conclude on the appropriateness of the directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the group's or the parent company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the Consolidated financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the group or the parent company to cease to continue as a going concern. - Evaluate the overall presentation, structure and content of the Consolidated financial statements, including the disclosures, and whether the Consolidated financial statements represent the underlying transactions and events in a manner that achieves fair presentation. - Obtain sufficient appropriate audit evidence regarding the financial information of the entities or business activities within the group to express an opinion on the consolidated Consolidated financial statements. We are responsible for the direction, supervision and performance of the group audit. We remain solely responsible for our audit opinion. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' Report.
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ACS CORPORATION HOLDINGS LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF ACS CORPORATION HOLDINGS LIMITED (CONTINUED)
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' Report.
This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditors' Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.
for and on behalf of
Chartered Accountants & Statutory Auditor
Westgate House
44 Hale Road
Hale
Cheshire
WA14 2EX
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ACS CORPORATION HOLDINGS LIMITED
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
FOR THE PERIOD ENDED 31 OCTOBER 2025
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ACS CORPORATION HOLDINGS LIMITED
REGISTERED NUMBER: 16009615
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
AS AT 31 OCTOBER 2025
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ACS CORPORATION HOLDINGS LIMITED
REGISTERED NUMBER: 16009615
CONSOLIDATED STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 OCTOBER 2025
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 24 to 48 form part of these financial statements.
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ACS CORPORATION HOLDINGS LIMITED
REGISTERED NUMBER: 16009615
COMPANY STATEMENT OF FINANCIAL POSITION
AS AT 31 OCTOBER 2025
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 24 to 48 form part of these financial statements.
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ACS CORPORATION HOLDINGS LIMITED
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 OCTOBER 2025
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ACS CORPORATION HOLDINGS LIMITED
COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 OCTOBER 2025
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ACS CORPORATION HOLDINGS LIMITED
CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE PERIOD ENDED 31 OCTOBER 2025
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ACS CORPORATION HOLDINGS LIMITED
CONSOLIDATED STATEMENT OF CASH FLOWS (CONTINUED)
FOR THE PERIOD ENDED 31 OCTOBER 2025
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ACS CORPORATION HOLDINGS LIMITED
CONSOLIDATED ANALYSIS OF NET DEBT
FOR THE PERIOD ENDED 31 OCTOBER 2025
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ACS CORPORATION HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2025
The company is a private company limited by shares, registered in England and Wales (registered number 16009615). The address of the registered office is Lansdowne House, Oak Green Business Park, Cheadle Hulme, Stockport, SK8 6QL.
2.Accounting policies
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires Group management to exercise judgment in applying the Group's accounting policies (see note 3).
The Company has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Statement of Comprehensive Income in these financial statements.
The financial statements are prepared in sterling, which is the functional currency of the entity.
The following principal accounting policies have been applied:
The parent company satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following reduced disclosures available under FRS 102:
(a) Disclosures in respect of each class of share capital have not been presented. (b) No cash flow statement has been presented for the company. (c) Disclosures in respect of financial instruments have not been presented. (d) No disclosure has been given for the aggregate remuneration of key management personnel.
The Consolidated financial statements consolidate the Consolidated financial statements of ACS Group Holdings Limited and all of its subsidiary undertakings.
The results of subsidiaries acquired or disposed of during the year are included from or to the date that control passes. The parent company has applied the exemption contained in section 408 of the Companies Act 2006 and has not presented its individual profit and loss account.
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ACS CORPORATION HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2025
2.Accounting policies (continued)
In respect of long term contracts for on going services, turnover represents the value of work done in the year, including estimates of amounts not yet invoiced. Turnover in respect of long term contracts for on going services is recognised by reference to the stage of completion. Revenue not billed to the client is included in debtors as amounts recoverable on long term contracts. aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
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ACS CORPORATION HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2025
2.Accounting policies (continued)
Page 26
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ACS CORPORATION HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2025
2.Accounting policies (continued)
Goodwill
Other intangible assets
All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.
The estimated useful lives range as follows:
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows.
Depreciation is provided on the following basis:
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
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ACS CORPORATION HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2025
2.Accounting policies (continued)
In the consolidated accounts, interests in associated undertakings are accounted for using the equity method of accounting. Under this method an equity investment is initially recognised at the transaction price (including transaction costs) and is subsequently adjusted to reflect the investors share of the profit or loss, other comprehensive income and equity of the associate. The Consolidated Statement of Comprehensive Income includes the Group's share of the operating results, interest, pre-tax results and attributable taxation of such undertakings applying accounting policies consistent with those of the Group. In the Consolidated Statement of Financial Position, the interests in associated undertakings are shown as the Group's share of the identifiable net assets, including any unamortised premium paid on acquisition. Any premium on acquisition is dealt with in accordance with the goodwill policy.
Page 28
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ACS CORPORATION HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2025
2.Accounting policies (continued)
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
The Group has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.
The Group has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.
Financial instruments are recognised in the Group's Statement of Financial Position when the Group becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Discounting is omitted where the effect of discounting is immaterial. The Group's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.
Other financial assets
Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.
Impairment of financial assets
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the
Page 29
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ACS CORPORATION HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2025
2.Accounting policies (continued)
asset’s original effective interest rate. The impairment loss is recognised in profit or loss.
Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.
If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.
Basic financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Group after the deduction of all its liabilities.
Basic financial liabilities, which include trade and other creditors, bank loans, other loans and loans due to fellow group companies are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.
Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.
Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.
Other financial instruments
Derivatives, including forward exchange contracts, futures contracts and interest rate swaps, are not classified as basic financial instruments. These are initially recognised at fair value on the date the derivative contract is entered into, with costs being charged to the profit or loss. They are subsequently measured at fair value with changes in the profit or loss.
Debt instruments that do not meet the conditions as set out in FRS 102 paragraph 11.9 are subsequently measured at fair value through the profit or loss. This recognition and measurement would also apply to financial instruments where the performance is evaluated on a fair value basis as with a documented risk management or investment strategy.
Derecognition of financial instruments
Derecognition of financial assets
Financial assets are derecognised when their contractual right to future cash flow expire, or are
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ACS CORPORATION HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2025
2.Accounting policies (continued)
settled, or when the Group transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Group will continue to recognise the value of the portion of the risks and rewards retained.
Derecognition of financial liabilities
Financial liabilities are derecognised when the Group's contractual obligations expire or are discharged or cancelled.
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ACS CORPORATION HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2025
Significant judgements Management do not feel that there are any judgements (apart from those involving estimations) that have been made in the process of applying the entity's accounting policies which have a significant effect on the amounts recognised in the financial statements. Key sources of estimation uncertainty Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are as follows: Investments Investments in subsidiaries are valued at the fair value of the shares acquired. The directors annually consider the need for any impairment and provide as appropriate. Estimated useful life and residual value of fixed assets Depreciation of tangible fixed assets have been based on the estimated useful lives and residual values deemed appropriate by the directors. Estimated useful lives and residual values are reviewed annually and revised as appropriate. Revisions take into account estimated useful lives and residual values, as evidenced by disposals during current and prior accounting periods. Impairment of debtors The company makes an estimate of the recoverable value of trade debtors. When assessing the impairment of trade debtors, management include factors including the current credit rating of the debtor, the ageing profile of debtors and historical experience.
Page 32
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ACS CORPORATION HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2025
Page 33
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ACS CORPORATION HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2025
Page 34
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ACS CORPORATION HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2025
Page 35
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ACS CORPORATION HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2025
Page 36
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ACS CORPORATION HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2025
12.Taxation (continued)
There were no factors that may affect future tax charges.
Page 37
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ACS CORPORATION HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2025
Page 38
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ACS CORPORATION HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2025
Page 39
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ACS CORPORATION HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2025
15.Tangible fixed assets (continued)
Page 40
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ACS CORPORATION HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2025
Page 41
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ACS CORPORATION HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2025
Page 42
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ACS CORPORATION HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2025
Page 43
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ACS CORPORATION HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2025
Page 44
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ACS CORPORATION HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2025
On 25 October 2024, the company issued 3,841 A Ordinary shares of £0.01 each, 563 B Ordinary shares of £0.01 each & 1,095 C Ordinary shares of £0.01. The issue price of the shares equalled the nominal value in all cases.
Page 45
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ACS CORPORATION HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2025
Merger Reserve
Profit and loss account
Page 46
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ACS CORPORATION HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2025
27.Business combinations (continued)
At the period end date the director, P Grady owed the company £1,632,289.The loan account was interest free, unsecured and repaid in full after the period end.
At the period end date the director, D Curran owed the company £121,132. The loan account was interest free, unsecured and repaid in full after the period end. At the period end date the director, M Deignan owed the company £112,055. The loan account was interest free, unsecured and repaid in full after the period end. At the period end date the director, P Howard owed the company £110,296. The loan account was interest free, unsecured and repaid in full after the period end. At the period end date the director, B Mooney owed the company £119,146. The loan account was interest free, unsecured and repaid in full after the period end.
Page 47
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ACS CORPORATION HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2025
Page 48
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